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.network glossary
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about Google and  .network
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spacerglossary directoryspacerglossary directory
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more search toolsspacerEnterprise and Economic Development Library
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define parcel ... a real estate term
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define participant ... as in mission participant
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define peak performance:

... an attitude carried out in practice that has self-motivation and goal orientation as two of its distinguishing features. It's wrong to refer to a peak performer as a workaholic. The latter can be identified by a focus on busy-work whereas the peak performer sets goals and adjusts prioritiesdashsee How Peak Performers Differ From Workaholics, Charles Garfield.
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definition of peak performer
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performance based management:

... the handling, directing, or controlling of employees based on measuring how successful they are in performing tasks or assignments. Goals are set for them and rewards are based on individual achievement. Numerous terms move in and out of fashion related to performance-based management, all related to ongoing efforts to raise performance to the maximum and control costs by rewarding individual workers based on contributiondashsee productivity.
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definition of performance based management
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performance/process improvement:

... actions taken to increase productivity, for example by pursuit of excellence; an economic development tool when used in specific situations that result in retention, expansion and investment in a location; a jobs retention tool when successfully applied within a enterprise of value to a community having an economic development best practices program in place.
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definition of performance improvement
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performance stepchange:

... a highly focused approach to teaching or coaching for performance improvement that combines state-of-the-art methods and computer monitoring of productivity and customer reactions. A trademark for computer monitoring software used to support a stepped approach to making changes for process improvement or using performance-based management.
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definition of performance stepchange
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define personal contact
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define personal webpage
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define Peter Principal:

... a principal set forth by Laurence Johnston Peter (1919-1990) stating that people rise through the employee ranks until they reach a level of incompetence. The parodical term Peter-Out Principal was more recently defined in the book Free Agent Nation.
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definition of Peter-Out Principal parodies the Peter Principal
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phishing:

... the act of misusing an email address or similar identity for the purposes of perpetrating a prank, scam or other cybercrime.
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definition of phishing
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define place ... as in a location of interest to enterprise developers and site selectors.
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define places seeking economic development ... as economic development locations.
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define planned community development:

... a place for people and a sustainable economy laid out in advance of its occupancy; a new town resulting from a project for improving real estate so that a residential combined with a commercial and, sometimes industrial market, can be accommodated. Planned community development efforts are usually government controlled so that land for infrastructure such as schools, supporting utilities and public services is set aside. Government may also oversee environmental protection, for example requiring the setting aside of green spaces. For more information see Planned Communities / New Towns (George Mason University Libraries). spacer

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definition of planned community development
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plant site:

... an industrial site; location of a manufacturing or processing plant; real estate under consideration for the location of an industrial operation. For example, the expression Plant Site Locators (see PSL) was used in the 1990s to identify a site selection service somewhat similar to that of the Site Selection Directory, but not free and open online as is the case with the latter. PSL no longer exists. The Site Selection Directory is not limited to industrial site searches.
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definition of plant site
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PSL

... initials that stood for Plant Site Locators. A service that brokered information about plant site location projects to places that wanted economic development prospects.
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definition of plant site locators
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post:

... to publish something, for example, to post an announcement of an economic development project and site selection criteria online. The posting of such a notice in the Site Selection Directory is a free service offered to economic development prospects by The Network.
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what does it mean to post site selection criteria
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power / power cost:

... energy used in the operations of an enterprise. Power cost or energy cost are categories of location data. Enterprise developers and site selectors want to know what the cost of power will be in a location. CLICK HERE for an example of the power cost used by a data broker or copy and paste the following italicized words in the search box below. Select the search button. Substitute the name of a place of interest to you for the word location inside the quotation marks. Search the Web for ... site selection power cost "location"

linked to introduction of the Google/.network search engine
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definition of power cost as a site selection calculation
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pre-employment training:

... training provided before employment in order qualify a potential worker for a job. When used for labor screening it offers the advantage of lessening the risk of mismatch which makes pre-employment training exceedingly more practical than OJT (On-the-Job-Training).
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definition of pre-employment training
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pro-business:

... an attitude that supports enterprise development; an attitude that a place seeking economic development should have which is reflected by such incentives as right-to-work and tax laws; a category of location data that makes a statement about the business environment in an area, for example, the term may be used as a header in a community profile under which is listed things that make the place attractive to enterprise developers.
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definition of pro-business
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process-based management:

... the handling, directing, or controlling of operations, actions, or a series of systematic changes by continuously assessing, analyzing, and improving them.
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definition of process-based management
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production skills:

... the demonstrated proficiency, facility, or dexterity of a worker or group which leads to a measurable productivity level; the abilities necessary within a workforce in order for it to produce certain goods or services; an attribute within a labor pool that attracts the attention of a potential employer, say, an economic development prospect; productivity skills.
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definition of production skills / definition of productivity skills
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productivity:

... output determined after taking input into account during production which is the ability to create, furnish or supply something that has an exchange value; therefore, it is the power to produce at a rate that can be anticipated, set, or measured. Workforce productivity is an extension of the power of individuals. Work ethic (a dedication to quality production combined with an appreciation for having specific and individual opportunities to engage in work) is a factor in productivitydashsee voice of the customer. Assumptions about the work ethic in a location impact economic developmentdashsee the definition of pro-business.
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definition of productivity
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profile:

... a brief that summarizes information about something or presents its distinctive features or characteristics, for example, a data profile which is a description of a coherent collection of ... factual information, especially information organized for analysis or used to reason or make decisions (source of quote); a project profile.

Other types of profiles meaningful to the .network mission are area profiles, community profiles, location profiles, regional profile, and economic development profiles, all of which may be accessed for specific places of interest through the Area Development section of the Economic Development Network website when users request or suggest links.

Send an email without incurring any obligations to us if you would like to help build The Network as a resource for gathering location data. Links to resources are published for free.

An economic development profile is a format for presenting facts about a location so as to attract the attention of economic development prospects. See the definitions of country profile and community profile.
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what is the best way go about gathering as well as presenting information
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profiling:

... a research or investigative technique for determining group characteristics and using them to reduce the number of selection optionsdashsee the definition of location profiling.

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How is location profiling used in site selection
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project:

... a managed undertaking preceded by planning. It's documentation is covered by a Scope Of Project (SOP) or profile. Documentation that includes specifications facilitates communications with resource and service providers. Specifications or selection criteria are important for collecting information from .network mission contacts. Data collection proceeds project management decisions at various stagesdashSite Location Assistance.com lists three stages for gathering information during site selection projects. The stages are applicable to enterprise development and economic development projects.

Economic develoopment project: Any planned undertaking that offers the possibility of bringing about economic development. Experienced economic developers generally ask prospects for project profiles and specifications when called upon for location data. Most certainly economic developers need such input from prospects before being asked to help cut red tape or to put deals that requires incentive offers on the table before the locations they represent.
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definition of a project / definition of project / what is a project by .network definition
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project announcement:

... a profile with delineation of wants and needs published or otherwise placed before the eyes of resource and service providers with the intent to they should respond. For example, a project announcement of a search for a location published in the Site Selection Directory in order to request information for a project. A project announcement may also be used to inform the public of something significant that happens during the course of an enterprise development project. For example, a chamber of commerce may announce that a company has chosen its community as the site of an operation that will create a number of new jobs.
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definition of project
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project criteria ... see project specifications.
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definition of project criteria
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project profile:

... a brief that summarizes information about an enterprise development, site selection or economic development project, or presenting its distinctive features or characteristics. A profile as defined here typically covers a set of specifications or requirements. In the case of a site selection project, the profile covers a set of selection criteria and is intended for distribution to location data suppliers. Effective communicators announce their projects in ways that get the attention of contacts so that they are motivated to respond in a timely manner ... (source of quote). A profile may be referred to as a scope of a project.
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definition of project profile / definition of site selection project profile
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project scope / scope of project:

... the full range of what is needed and wanted to take a project to its conclusiondashmore.
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definition of scope of project
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project specifications:

... specs; documentation of requirements for taking a project to successful conclusion. Selecting the last link in the previous sentence will take you to information in the resource archive of the Enterprise and Economic Development Library about how projects begin and end. The information includes suggestions of three stages of a project broadly presented.

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What are project specs / what are site selection project specifications
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PSF ... Project Specifications Form. See project specifications defined above.
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what is a PSF / what is a project specifications form
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project status:

... where things stand with a project. Three levels of project status are suggested for your consideration under Quick Step Enterprise Development: a brief look at the process in five steps. They are project status ... (1) tentative, (2) preliminary, and (3) active. These are especially useful classifications in helping .network mission contacts determine how to expend resources on providing assistance to prospects. A tentative site selection project on the one hand may only require sending a location package and following up by telephone, whereas one that's active project may require traveling to make face-to-face or taking advantage of an opportunity to mutually attend a networking event to become acquainted.

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definition of project status
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profit:

... the remainder after the total cost of doing business is calculated and subtracted; value that is clear of all costs; i.e., clear profit. An economic profit is the return a business makes on invested capital, minus the cost of capital, times the amount of invested capitaldashsource.
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definition of profit
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promise of The Network

... the .network search promise, a commitment to provide personal search assistance for free when requested to do so by those who choose to join in on the mission of The Network.
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what is the promise of the enterprise and economic development network
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property ... real property, that which is owned and deemed to have value.
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definition of property
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property assets:

... items of economic value that can be converted to cash which are classified as real estate; physical valuables ( real property) such as land and buildings or facilities. A manager of property assets for an enterprise may carry a title such as corporate real estate director. See the definitions of corporate management and corporate real estate executive.
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definition of property assets / definition of property asset
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prospect:

... a business development target; an enterprise or person with whom a .network mission contact seeks to build or maintain a relationship; an enterprise developer or site selector engaged with or targeted for engagement by resource and service providers during the course of a project; a suspect upgraded and given attention as necessary to build or sustain a working relationship; an economic development prospect; an enterprise development prospect; a site selection prospect; a member of the .network target audience.
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definition of prospect / definition of site selection prospect for economic development
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prospect development:

... activities surrounding a systematic search for prospects; something area and local development representatives are typically expected to do as they carry out their responsibilities for marketingdashsee the .network file on economic development marketing.
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definition of prospect development
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prospect information:

... that which is requested or wanted by an enterprise developer or site selector, especially location data in the latter case. The ability to find location data suppliers can be useful.
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definition of prospect information
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prospect services:

... that which is available for or is provided to a prospect. For example, local development representatives should be positioned to provide prospect information when called upon to do so but their services may go beyond that. Savvy business decision makers may need to know about the ones who can help cut red tape or otherwise facilitate enterprise development.
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definition of prospect services
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public-private partnership:

... a venture entered into jointly by a government and non-government entity, generally as a means for organizing the financing and/or management structure for public use or the public good.
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what is a public-private partnership
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public-sector financing:

... obtaining and/or using government controlled funds which are made available as incentives to entice private sector participation in financing projects. Lessons from the Field (Northeast-Midwest Institute) has is a source of information about public-sector financing programs. See the definition of public-private partnership and the list of various programs that US members of the .network target user group have asked about over the years.
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definition of public-sector financing programs
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.network introduction  [directory]

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The words in italics that define economic profit were originally quoted from a publication of the IDRC foundation, The Strategic Alignment Handbookdashgo back.
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* Use of the word membership or member does not imply that visitors to The Network are required to pay fees before becoming users. The Network is a free-access resource.
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FAQ: Is The Network affiliated with or under the control of a membership organization or special interest group? No! The Network is owned by Economic Development Services Inc.
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FAQ: What does it mean to participate in the mission? See the definition of participate.

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[P] page in the .network glossary / page in an alphabetical series

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about us / copyrights © and all rights reserved / 11/26/2009